Senior Executives Quit China Wealth Fund Over Pay, Opportunities
- Lack of new money, opportunities sap CIC’s appeal as employer
- Senior manager departures extend into this year amid pandemic
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China’s sovereign wealth fund is losing senior-level talent at one of the worst possible times.
Three of China Investment Corp.’s top executives have resigned since April, leaving the $941 billion fund without some of its most experienced managers during a period of historic volatility in global markets. The departures add to a steady exodus in recent years that has included at least 17 team heads and managing directors.